Basics Section Overview
We’ve dealt with thousands of CoBuyers from across the US, personally co-bought multiple properties, and proudly count ourselves as co-owners. In all our interactions, what’s the number one question we get?
“How does it work?”
It’s a big question. Let’s start by looking at the process.
Process isn’t a fun word. Many people want to skip steps and don’t care to understand the mechanics. In co-buying and co-ownership, you can’t afford to neglect the process. Doing so is a bad idea, and that’s where many people fail.
Co-buying is a complicated version of a complex transaction: the home-buying process.
Co-buying = multi-party asset purchase:
- Multiple parties (two or more friends, family, or loved ones)
- Asset purchase (property)
- Generally financed by a mortgage (debt)
When we look at co-buying for what it is--a multi-party asset purchase--it makes sense to adopt a business mindset. That holds even--and especially--if the property is a home (primary residence).
After completing this section, you’ll walk away with:
✅ A better understanding of how co-buying works
✅ An understanding of how and why co-buying is different from a ‘traditional’ home purchase
✅ A framework for approaching co-buying & co-ownership strategically
✅ Answers to commonly asked questions
We’ll cover a lot of ground. Don’t worry about remembering everything: this section isn’t about that.
The knowledge you gain will provide a foundation for everything we cover later in the course.
Let’s roll.
Matt Holmes (LinkedIn) is co-founder and CEO of CoBuy, formed in 2016 to unlock homeownership for everyone. Before hopping a flight to Seattle to start CoBuy with his mother, Matt worked in investment banking and financial markets in London for a decade. He holds degrees from University College London (BSc Economics) and ESCP Business School (Masters, London & Turin).
Pam Hughes (LinkedIn) is Co-founder and COO at CoBuy. She has over 40 years of experience across finance, real estate, insurance, and construction. Pam has committed to personal empowerment through financial education for decades, which inspired her to start CoBuy with her son in 2016. She's best friends with a small dog known as Francis.
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